Funding you earn now, next payment 09:00 UTC−0.0383%/8h= −41.9% APRpaid last 24h +0.183%
Price spread now: Kraken Futures against Gate+0.127%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.809%+$81 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Kraken Futures is 0.127% dearer against Gate than usual: you sell high and buy low (spread +0.127% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +0.809%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CAKE_USDT | 2.4892 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $888K | $591K | 75x |
| Short | Kraken Futures PF_CAKEUSD | 2.4924 | −0.0283 | pay 0.0035% / 1h | 31m 59s | $55K | $43K | 10x |
Gate CAKE_USDT
Kraken Futures PF_CAKEUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$80.36
- Price spread: +0.127% → 0.000%
- $12.69
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$92.67
- Costs to cover
- 0.250%
- Break-even
- never at this rate
Slippage unknown: Gate: live order book, 65 min ago; Kraken Futures: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 65 min ago | 3.01 bp | 33.1 bp −$33 | 109.6 bp −$1,096 | doesn't fit | doesn't fit |
| Sell Kraken Futures no order-book sample | — | — | — | — | — |
Kraken Futures: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
CAKE on 16 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit CAKEUSDT | −0.1627% | 4h | 2.4890 | −0.008% | $5.3M | $3.1M | 50x | as long as short |
| Variational Omni CAKE | −0.0518% | 4h | 2.4901 | +0.036% | $515K | $421K | — | as long as short |
| Kraken Futures PF_CAKEUSDshort | −0.0283% | 1h | 2.4924 | +0.127% | $55K | $43K | 10x | |
| ApeX Omni CAKEUSDT | −0.0189% | 1h | 2.4935 | +0.173% | $11K | $670K | 50x | as long as short |
| Orderly PERP_CAKE_USDC | −0.0139% | 4h | 2.4910 | +0.072% | $7K | $14K | 10x | as long as short |
| Injective CAKE/USDC PERP | +0.0033% | 1h | 2.5440 | +2.202% | $113 | $52K | 5.5x | as long as short |
| MEXC CAKE_USDT | +0.0044% | 4h | 2.4904 | +0.048% | $15.2M | $2.9M | 125x | as long as short |
| Binance CAKEUSDT | +0.0045% | 4h | 2.4907 | +0.060% | $17.5M | $27.1M | 75x | as long as short |
| BloFin CAKE-USDT | +0.0046% | 4h | 2.4913 | +0.084% | $989K | $314K | 75x | as long as short |
| KuCoin CAKEUSDTM | +0.0068% | 4h | 2.4911 | +0.076% | $2.4M | $5.1M | 50x | as long as short |
Bybit CAKEUSDT
Variational Omni CAKE
ApeX Omni CAKEUSDT
Orderly PERP_CAKE_USDC
Injective CAKE/USDC PERP
MEXC CAKE_USDT
Binance CAKEUSDT
BloFin CAKE-USDT
KuCoin CAKEUSDTMShow all 16 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hyperliquid CAKE | +0.0100% | 1h | 2.4925 | +0.133% | $3.1M | $1.8M | 3x | as long as short |
| Aster CAKEUSDT | +0.0100% | 4h | 2.4931 | +0.158% | $2.3M | $107K | 10x | as long as short |
| Gate CAKE_USDTlong | +0.0100% | 4h | 2.4892 | long leg | $888K | $591K | 75x | |
| Bitget CAKEUSDT | +0.0100% | 4h | 2.4905 | +0.052% | $2.6M | $2.0M | 75x | as long as short |
| BingX CAKE-USDT | +0.0100% | 4h | 2.4890 | −0.008% | — | $3.8M | — | as long as short |
| GMX CAKE/USD [WBTC.b-USDC] | L +0.0380% / S −0.0214% | 1h | 2.4927 | +0.141% | $37K | — | 100x | as long as short |
Hyperliquid CAKE
Aster CAKEUSDT
Bitget CAKEUSDT
BingX CAKE-USDT
GMX CAKE/USD [WBTC.b-USDC]